Agency
A listing agent owes fiduciary duties to the:
ABuyer, as the end user of the property
BSeller, as the agent's principal✓ Correct
CBoth parties equally in all transactions
DArkansas Real Estate Commission
Explanation
A listing agent's client is the seller. Fiduciary duties — loyalty, confidentiality, obedience, disclosure, accounting, and reasonable care — run to the seller as principal.
Related Arkansas Agency Questions
- Which type of agency allows a single broker or brokerage to represent both the buyer and the seller in the same transaction?
- Agency by ratification is created when a principal:
- Which of the following actions by a buyer's agent is an example of a breach of fiduciary duty?
- In Arkansas, dual agency occurs when a broker represents:
- A buyer's agent is showing homes to a buyer who has told the agent they are being transferred and must move in 60 days. When negotiating, the agent should:
- In Arkansas, a buyer's agent owes which of the following duties to the buyer-client?
- A listing agent learns that the seller plans to accept any offer above $180,000, though the property is listed at $220,000. The listing agent:
- Which action by an agent would constitute a breach of the duty of loyalty?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →